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Intact Xline

Intact Xline is a low-cost, easy-to-use, Business Management Software solution covering purchasing, stock, sales, finance, marketing and more.

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Fiona McGuinness16-Mar-2017 08:50:081 min read

Accounting Software: More than just debits and credits

Debits and credits may not have changed a whole lot since the days of the pencil and lined journal but the surrounding peripherals that make up a business management system have grown dramatically over the years.

It has long been taken as a given that a business management system can handle the simple task of day book entries, receipt, payments, journals etc.

Companies these days need more from their accounting software in order to to compete in today’s uncertain economic world.  They need instant access to the performance of every aspect of their business.  It is no longer adequate to review a P&L once a month or quarter.


Today’s business management software is all about…

  • Gaining visibility across your entire business network to improve collaboration and communication
  • Monitoring, managing and improving financial and organisational performance
  • Driving sales by facilitating customer engagement across all sales channels
  • Working with real-time business intelligence
  • Running your business on a single system catering for all your needs; from financials to CRM, trade counter to webshop
  • Working on a centralised, secure database to ensure everyone is working with the most up to data information
  • Automating and accelerating workforce processes
  • Automatically calculating KPIs and getting them delivered to you by email or SMS e.g. informing management that a certain cash register has now gone over a predetermined cash balance or a particular stock item has now gone below its minimum stock level

Business management systems now actively get involved in assisting in the running of your business instead of just reporting to you on how you have run your business.

It is now safe to say that the surrounding peripherals that make up an accounting system are anything but peripheral!

Related content: Modern Technology moves Accounting Software into a new era


Fiona McGuinness

I've been part of the Intact family for 16 rewarding years. After completing my Business Studies degree, I knew Marketing was a field I wanted to pursue. Prior to joining Intact, I primarily worked in the financial sector, focusing on marketing for credit unions. When I started at Intact, I handled all the marketing tasks by myself. Over time, as our team expanded, so did my role. Now, I specialise in crafting compelling content across various platforms, from blogs to video scripts. No two days are the same, and I thrive on the dynamic nature of my role. Whether it's diving into customer case studies or lead campaigns, I'm driven by the positive impact our solutions bring to businesses. In an age where AI plays a significant role, I remain a firm believer in the power of authentic content. When I'm not working, you'll find me enjoying quality time with my family, sewing, or watercolor paintings.